Is ACHC a good stock to buy? We came across a bullish thesis on Acadia Healthcare Company, Inc. on Valueinvestorsclub.com by ppsm920. In this article, we will summarize the bulls’ thesis on ACHC. Acadia Healthcare Company, Inc.'s share was trading at $23.73 as of March 17th. ACHC’s trailing and forward P/E were 19.82 and 12.44 respectively according to Yahoo Finance. Countries with Lowest Abortion Rates in the World in 2018 Photographee.eu/Shutterstock.com Acadia Healthcare (ACHC) represents a compelling ...

Core Insights - Granite Ridge Resources, Inc. (NYSE: GRNT) is focused on the Permian Basin and has shown proactive management of resources and growth prospects [1] - The company is experiencing a cash burn of $71 million in 2026 due to increased lease operating expenses while hedging 60% of its oil production to mitigate price volatility [2][6] - Despite a net loss of $25.1 million in 2025, Granite Ridge achieved an adjusted EBITDAX of $69.5 million and aims to generate free cash flow by 2027 [3][4][6] Financial Performance - In 2025, Granite Ridge reported a 27% increase in total production, reaching 35,120 barrels of oil equivalent per day [3] - The company declared a dividend of $0.11 per share and maintained total liquidity of $339.5 million, with a net debt to adjusted EBITDAX ratio of 1.2x [4] - As of the latest data, GRNT's stock price is $5.23, with a market capitalization of approximately $686 million, reflecting a 3.06% increase [5] Strategic Moves - Director Everard Michele J purchased 5,000 shares at $5.17 each, indicating confidence in the company's future [1][6] - The company plans to increase its hedging of oil production to 75%-80% in the second quarter of 2026 [2]

Financial Data and Key Metrics Changes - Gold production increased by 22% year-over-year, with gold prices rising by 48%, resulting in gold revenue of $909 million, up 82% from $499 million in 2024 [3][6] - Adjusted EBITDA reached $464 million, a 185% increase from $163 million in 2024, demonstrating significant leverage to higher gold prices [6][3] - Adjusted net earnings were $241 million or $1.28 per share, up from $56 million or $0.35 per share in 2024, reflecting a 265% increase [3][6] - The company generated $127 million in free cash flow, transitioning to generating free cash flow while funding growth initiatives [8][9] Business Line Data and Key Metrics Changes - Segovia produced 228,000 ounces of gold, a 21% increase from 188,000 ounces in 2024, driven by a 17% increase in milling rates [10][11] - Marmato exceeded guidance with steady performance, and the development of the bulk mining zone is ahead of schedule [4][16] - Segovia's all-in sustaining cost (AISC) was $1,534 per ounce, up just 3% year-over-year, while total AISC was $1,705 per ounce, up 13% from 2024 [13][14] Market Data and Key Metrics Changes - The company expects production guidance for 2026 to be between 300,000 and 350,000 ounces, representing over 25% growth year-over-year [4][3] - At $4,400 gold, Segovia is projected to generate $650 million in all-in sustaining margin this year [5] Company Strategy and Development Direction - The company aims to grow production to 500,000 ounces in the near term, with plans to advance Toroparu and Soto Norte to create a pathway to one million ounces per year [24] - The uplisting to the main board of the New York Stock Exchange is expected to enhance visibility among institutional investors and improve trading liquidity [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production milestones and highlighted the strong operational performance and financial results [24][44] - The company remains well-positioned to generate robust cash flows to fund growth initiatives organically, supported by a strong balance sheet and liquidity [23][9] Other Important Information - The company completed the Segovia processing plant expansion on time and on budget, and reached an amicable arbitration settlement with the Colombian government [24] - The construction of the CIP plant at Marmato is progressing well, with the first gold pour expected in Q4 2026 [19][18] Q&A Session Summary Question: Update on Segovia ramp-up and throughput expectations - Management indicated that the ramp-up is going well, with expectations to reach a steady-state of 3,000 tons per day by Q4 2026 [27][28] Question: Guidance for Q1 production - The company is running around 2,600 tons per day, consistent with the end of Q4 [29] Question: Growth capital expectations for Marmato and other projects - The total cost for Marmato is projected to be around $400 million, with a current budget of $220 million for 2026 [33][42] Question: Optimism about ramp-up of the CIP plant - Management believes the milestones for ramp-up are realistic and achievable [44]

Financial Data and Key Metrics Changes - The company reported fourth quarter revenue of $158 million, a 3% increase compared to the prior year, with organic growth at 10% after adjusting for the impact of the Advanced Rehabilitation divestiture [20][21] - Adjusted EBITDA for the quarter was $37 million, an increase of $8 million or 30% year-over-year, with an Adjusted EBITDA margin of 23%, expanding by 490 basis points compared to the previous year [21][22] - Cash flow from operations totaled approximately $38 million, nearly doubling compared to the fourth quarter last year, contributing to a full year objective of nearly doubling cash flow from operations, achieving a 92% increase for the year [26][28] Business Line Data and Key Metrics Changes - In the pain treatments segment, revenue grew by 15% in Q4, driven by strong volume growth of DUROLANE and account wins [23] - Surgical solutions revenue increased by 3%, with Ultrasonics facing tough comparisons to prior year capital sales [23] - Restorative therapies revenue declined by 26% due to the divestiture of the Advanced Rehabilitation business, but organic growth was 10% excluding this impact [24] Market Data and Key Metrics Changes - The international segment's revenue remained unchanged compared to the prior year, with organic growth climbing 10% [24] - The international segment achieved 11% organic growth for the year, supported by a new team and improved commercial execution [24] Company Strategy and Development Direction - The company aims to accelerate revenue growth while strengthening earnings power and expanding capital allocation options through consistent growth in free cash flow [5][10] - In 2026, the company plans to invest approximately $13 million in growth drivers such as PNS, PRP, Ultrasonics, and international business [11][12] - The focus will be on driving above-market growth across core businesses, particularly the HA franchise, while also investing in marketing and R&D to support growth [11][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's transformation and strong foundation, indicating a focus on becoming a $1 billion leading med tech company [5][18] - The company anticipates earnings growth to outpace revenue growth, maintaining an EBITDA margin of approximately 20% for 2026 [17][18] - Management highlighted the importance of leveraging profitable growth to fund future growth drivers, emphasizing a long-term approach to business [40] Other Important Information - The company refinanced its term loan, enhancing liquidity and driving interest expense savings [10] - The company expects net sales for 2026 to range from $600 million to $610 million, with adjusted earnings per share projected at $0.73 to $0.77 [27][28] Q&A Session Summary Question: Growth contribution year-over-year from price in pain treatments - Management indicated that growth was primarily driven by volume, with DUROLANE leading performance [34][35] Question: Assumptions by segment for 2026 growth - Management expects low to mid-single digit growth in restorative therapies and mid to high single digit growth in the pain portfolio, with double-digit growth anticipated in surgical solutions [36][38] Question: Impact of favorable order timing in Q4 - Management estimated that favorable order timing contributed approximately $2 million to growth in Q4 [45] Question: Learnings from the PNS pilot phase - Positive feedback was received regarding the technology's power, size, and ease of use, with plans to scale the business aggressively based on these insights [48][50]

Core Viewpoint - Diversified Energy Company reported record financial results for 2025, driven by acquisitions and strong cash generation, and declared a US$0.29 per share interim dividend for Q4 2025 [1][2]. Financial Performance - Revenue increased to US$1.829 billion from US$757 million, while net income improved to US$342 million from a US$103 million loss in the previous year [3]. - Adjusted EBITDA rose to US$956 million from US$470 million in 2024, and adjusted free cash flow climbed to US$440 million from US$210 million [3]. Debt and Shareholder Returns - The company achieved a leverage ratio of 2.3x on a net debt-to-pro forma adjusted EBITDA basis, down from 3.0x at the end of 2024 [4]. - Over US$185 million was returned to shareholders through dividends and share repurchases, alongside a US$277 million reduction in ABS principal [4]. Future Guidance - For 2026, the company projects adjusted EBITDA between US$925 million and US$975 million, with adjusted free cash flow around US$430 million, and production expected to be between 1,170 and 1,210 MMcfe/d [4][5]. Strategic Outlook - The company is focused on disciplined growth, portfolio optimization, and strong free cash flow generation to enhance shareholder value from its high-quality assets [5]. - The company is aligned with megatrends in power generation, data centers, and LNG export, aiming to capitalize on these trends for long-term shareholder value [6]. Recent Acquisition - The company announced a recent acquisition involving a US$245 million cash deal to purchase natural gas interests in east Texas [6]. Dividend Details - The interim dividend for the three months ended December 31, 2025, is scheduled to be paid on June 30, 2026, to shareholders registered by May 29, 2026, with options for currency elections [7].

Core Insights - Diversified Energy Company reported significant revenue growth, exceeding expectations for full-year net income and adjusted EBITDA, with a 23% annualized improvement in leverage ratio and over $185 million returned to shareholders through dividends and share repurchases [1][6][12] - The company celebrated its 25th anniversary with a primary listing on the NYSE and the filing of full-year GAAP financials, reflecting confidence in business stability and cash generation through commodity cycles [1][17] Financial Performance - Fourth quarter 2025 production reached 1,198 MMcfepd, a 42% increase from 843 MMcfepd in Q4 2024, while full-year production averaged 1,086 MMcfepd, up 37% from 791 MMcfepd in 2024 [5][18] - Total revenue for Q4 2025 was $667 million, a 1,031% increase from $59 million in Q4 2024, and full-year revenue was $1,829 million, up 142% from $757 million in 2024 [5][19] - Net income for Q4 2025 was $196 million, compared to a loss of $106 million in Q4 2024, and full-year net income was $342 million, up from a loss of $103 million in 2024 [5][19] - Adjusted EBITDA for Q4 2025 was $254 million, an 83% increase from $139 million in Q4 2024, and full-year adjusted EBITDA was $956 million, up 103% from $470 million in 2024 [5][19] Shareholder Returns - The company returned over $185 million to shareholders through dividends and share repurchases, with a shareholder return yield of approximately 18% [12][6] - Approximately 7.3 million shares were repurchased, representing about 10% of outstanding shares, totaling around $100 million [12][6] Strategic Growth and Acquisitions - Diversified executed approximately $2 billion in transformational acquisitions, enhancing its position as a leading consolidator of cash-generating energy assets [8] - The company has a strategic partnership with Carlyle to invest up to $2 billion in existing U.S. proved developed producing oil and gas assets, strengthening its growth prospects [9][12] 2026 Guidance - For 2026, the company expects total production between 1,170 to 1,210 MMcfepd, with adjusted EBITDA projected between $925 million to $975 million and adjusted free cash flow around $430 million [30][29] - The leverage target for 2026 is set between 2.0x to 2.5x, reflecting continued disciplined growth and portfolio optimization [30][29]

Financial Data and Key Metrics Changes - In Q4 2025, Chord Energy reported adjusted free cash flow of $175 million, significantly exceeding expectations, with approximately 50% returned to shareholders [9] - Oil volumes exceeded original guidance by more than 1,000 barrels per day, while capital spending was approximately $60 million lower than expected [6][9] - The company achieved a $160 million improvement in free cash flow in 2025 from controllable items, representing 23% of estimated free cash flow in 2026 [7][9] Business Line Data and Key Metrics Changes - Chord has successfully lowered its capital spending by nearly $100 million since merging with Enerplus in 2024 while increasing oil production by 6,000 barrels per day [6] - The company achieved its goal of converting 80% of its inventory to long laterals by the end of 2025, which has significantly lowered the cost of supply [10][11] Market Data and Key Metrics Changes - Chord's operational improvements and shift to longer laterals have resulted in a 22% reduction in future finding and development costs over the past few years [12] - The company anticipates generating approximately $700 million of free cash flow in 2026 at benchmark prices of $64 per barrel of oil and $3.75 per MMBtu of natural gas [13] Company Strategy and Development Direction - Chord remains focused on disciplined capital allocation, strong returns on capital, and continuous improvement, with a commitment to delivering affordable and reliable energy sustainably [13] - The company has returned $6.7 billion of capital to shareholders since 2021, which is higher than its current market cap, while maintaining low leverage compared to peers [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience to commodity price cycles, indicating that significant changes to the long-term plan would only occur in response to drastically lower oil prices [16][17] - The company is optimistic about its ability to generate meaningful free cash flow and shareholder returns, supported by strong subsurface assets and a dedicated team [17] Other Important Information - Chord has a substantial, low decline, high oil cut production base, paired with a deep inventory of highly economic, conservatively spaced, oil-weighted locations [87] - The company is actively evaluating the use of surfactants in both new well completions and workover operations, having already pumped 19 chemical and surfactant treatments [36][38] Q&A Session Summary Question: Long-term plan consistency despite oil price fluctuations - Management indicated that the company has built a resilient organization capable of weathering commodity price cycles while still generating free cash flow and shareholder returns [16][17] Question: Fixed costs and breakeven costs - Management emphasized an organization-wide effort to drive down costs, including capital efficiency and operating expense improvements, contributing to lower breakeven costs [19][20] Question: Organic inventory improvements - Management noted improvements across the basin, with a focus on refining and improving inventory positions, leading to better returns on previously less viable drilling locations [24][25] Question: Water disposal optimization - Management confirmed that while water production is increasing, disposal capacity is adequate, and ongoing capital spend on water systems is aimed at enhancing E&P productivity [73][74] Question: Implications of longer laterals on infill drilling - Management acknowledged that longer laterals could have beneficial implications for infill drilling, allowing access to reserves that may not have been effectively drained [81][84]

Financial Data and Key Metrics Changes - For Q4 2025, APA Corporation reported consolidated net income of $279 million, or $0.79 per diluted share, with adjusted net income of $324 million, or $0.91 per diluted share [25][26] - Free cash flow for the full year exceeded $1 billion, with 63% returned to shareholders through dividends and share repurchases [26][28] - Net debt decreased to just below $4 billion, down approximately $1.4 billion from year-end 2024 [27][28] - Proved reserves increased by approximately 9% year-over-year, surpassing 1 billion barrels of oil equivalent, with an all-in reserve replacement ratio exceeding 160% for the year [28] Business Line Data and Key Metrics Changes - In the Permian, oil production significantly exceeded guidance due to incremental completion activity and improved runtime [26] - In Egypt, gross gas production was 501 million cubic feet per day, below guidance due to temporary pipeline disruptions, but operations have since normalized [26] - The company achieved a $350 million run-rate in controllable spend reductions, two years ahead of schedule, with expectations to reach $450 million by year-end 2026 [29][30] Market Data and Key Metrics Changes - The company plans to invest approximately $1.3 billion in the U.S. for 2026 to maintain oil production at approximately 120,000-122,000 barrels per day [9] - In Egypt, a $500 million investment is planned to slightly grow BOE production year-over-year, with gas production expected to deliver approximately 540 to 550 million cubic feet per day [10][11] Company Strategy and Development Direction - APA Corporation aims to sustain operational momentum, further reduce costs, strengthen the balance sheet, and invest in exploration [9][12] - The company is focusing on a disciplined capital program, with a total portfolio spend of $2.1 billion, approximately 10% lower than the previous year [11][30] - The strategic focus includes a shift towards gas-weighted production in Egypt, supported by an improved pricing framework [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining long-term oil production in the Permian while delivering competitive capital efficiency [7][12] - The company highlighted the importance of disciplined execution and cost reduction initiatives, which contributed to over $1 billion in free cash flow generation in 2025 [8][12] - Management remains optimistic about the exploration potential in Alaska and Suriname, with significant investments planned for these regions [10][11] Other Important Information - The company has made significant progress in high-grading its asset portfolio, particularly in the Permian Basin, enhancing returns through disciplined capital allocation [12][14] - The focus on operational excellence and cost structure improvements has led to a more resilient and capital-efficient company [12][29] Q&A Session Summary Question: Can you offer any color on the impact of the $100 million spend in the Permian? - Management explained that the $100 million is aimed at reducing LOE costs and improving reliability, with expected savings of $40 million-$50 million annually [36][43][46] Question: Can you flush out the impact of improved runtime, incremental completions, and moderate weather on US oil volumes? - Management indicated that improved runtime, early completion of wells, and minimal weather downtime contributed equally to the positive results [56][59] Question: What is the exploration philosophy for gas in Egypt? - Management emphasized a regional approach to exploration, focusing on previously avoided areas that are now being re-evaluated for gas potential [80][82] Question: Is the $230 million for Suriname strictly for GranMorgu? - Management confirmed that the entire $230 million is allocated for the GranMorgu development project, including drilling and infrastructure [87][88] Question: What are the next steps for Uruguay? - Management indicated that they are looking to farm down in Uruguay, with potential drilling activity likely in 2027 [98]

Financial Data and Key Metrics Changes - For Q4 2025, APA Corporation reported consolidated net income of $279 million, or $0.79 per diluted share, with adjusted net income of $324 million, or $0.91 per diluted share [25] - Full year free cash flow exceeded $1 billion, with 63% returned to shareholders through dividends and share repurchases [26][28] - Net debt decreased to just below $4 billion, down approximately $1.4 billion from year-end 2024 [27] Business Line Data and Key Metrics Changes - Permian oil production significantly exceeded guidance due to incremental completion activity and improved runtime [26] - In Egypt, gross gas production was 501 million cubic feet per day, below guidance due to temporary pipeline disruptions [26] - The company achieved a 9% year-over-year increase in proved reserves, surpassing 1 billion barrels of oil equivalent [28] Market Data and Key Metrics Changes - The company experienced a 13% year-over-year decline in SEC oil prices, yet managed to grow reserves, highlighting the quality of its inventory [28] - The new gas pricing framework in Egypt has driven production growth and established a foundation for sustained strategic focus [8][10] Company Strategy and Development Direction - APA aims to reduce controllable spend by $350 million by the end of 2027, with a target of $450 million run rate by the end of 2026 [6][9] - The capital plan for 2026 includes $1.3 billion for the Permian, with a focus on maintaining oil production levels despite weather-related downtime [9][31] - The company is investing approximately $500 million in Egypt to slightly grow BOE production year-over-year, with a focus on gas development [10][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining long-term oil production in the Permian while delivering competitive capital efficiency [7][12] - The company anticipates continued growth in gas production in Egypt, with expectations to deliver approximately 540 to 550 million cubic feet per day [10] - Management highlighted the importance of disciplined capital allocation and cost efficiencies to drive long-term value creation [33] Other Important Information - The company plans to invest approximately $70 million in exploration across its portfolio, including Alaska and Suriname [11][38] - The total portfolio spend for 2026 is estimated at $2.1 billion, roughly 10% lower than the previous year [11] Q&A Session Summary Question: Can you offer any color on the impact of the $100 million spend in Permian CapEx? - Management explained that the $100 million is aimed at various projects to reduce LOE, with expected savings of $40 million to $50 million annually [43][46] Question: Can you provide details on exploration activities in Alaska and Suriname? - Management confirmed $70 million allocated for exploration, with $20 million for Alaska prep work and $50 million for Suriname exploration [38] Question: What drove the significant beat on US oil volumes? - Management attributed the beat to improved runtime, incremental completions, and favorable weather conditions, estimating roughly one-third impact from each factor [60] Question: Can you clarify the Permian inventory and technical upside? - Management stated that 1,700 locations are classified as economic inventory, with ongoing efforts to move technical upside into economic inventory through appraisal tests [72][73] Question: What is the strategy for gas exploration in Egypt? - Management emphasized a regional approach to gas exploration, leveraging historical data and new seismic reprocessing to identify potential leads [80][81]

Financial Data and Key Metrics Changes - For Q4 2025, APA Corporation reported consolidated net income of $279 million, or $0.79 per diluted share, with adjusted net income of $324 million, or $0.91 per diluted share [25] - Full year free cash flow exceeded $1 billion, with 63% returned to shareholders through dividends and share repurchases [26][27] - Net debt decreased to just below $4 billion, down approximately $1.4 billion from year-end 2024 [27] Business Line Data and Key Metrics Changes - In the Permian, oil production significantly exceeded guidance due to improved completion activity and favorable weather conditions [26] - In Egypt, gross gas production was 501 million cubic feet per day, below guidance due to temporary pipeline disruptions, but operations have since normalized [26] - The company achieved a 9% year-over-year increase in proved reserves, surpassing 1 billion barrels of oil equivalent [27] Market Data and Key Metrics Changes - The company experienced a 13% year-over-year decline in SEC oil prices, yet managed to grow reserves, highlighting the quality of its inventory [27] - The new gas pricing framework in Egypt has strengthened free cash flow and established Egypt as a key value driver [9] Company Strategy and Development Direction - APA Corporation aims to reduce its overall cost structure by $350 million by the end of 2027, with a target of $450 million by the end of 2026 [4][5] - The capital plan for 2026 includes $1.3 billion for the Permian, maintaining oil production levels despite weather-related downtime [8] - The company is focusing on gas-weighted activities in Egypt, expecting to deliver approximately 540 to 550 million cubic feet per day in 2026 [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining long-term oil production in the Permian while delivering competitive capital efficiency [5][11] - The disciplined execution across assets and strong delivery of cost reduction initiatives have positioned the company for a structurally lower spend profile moving into 2027 [30] - The addition of Suriname is expected to provide a meaningful step change in free cash flow starting in 2028 [12] Other Important Information - The company captured over $300 million in cost savings in 2025, achieving its original target two years ahead of schedule [28] - The total portfolio spend for 2026 is estimated at $2.1 billion, roughly 10% lower than the previous year [10] Q&A Session Summary Question: Can you offer any color on the impact of the $100 million spend in the Permian? - The $100 million is focused on compression and facilities consolidation, expected to reduce LOE by approximately $40 million to $50 million annually [42][45] Question: Can you flush out the impact of improved runtime, incremental completions, and moderate weather on US oil volumes? - Management indicated that improved runtime, incremental completions, and favorable weather each contributed roughly one-third to the significant beat in oil volumes [56][58] Question: How does the company view the potential sensitivity around gassy assets in the Permian? - The current focus is on oil inventory, with gassy assets being treated separately; the company has significant technical upside in the Delaware Basin [68][70] Question: What is the exploration philosophy for gas in Egypt? - The company is taking a regional approach to explore deeper pockets of gas, having added 2 million acres last year and reprocessed seismic data [78][80] Question: Is the $230 million for Suriname strictly for GranMorgu? - Yes, the entire $230 million is allocated for the GranMorgu development project, including drilling and associated infrastructure [85]